Daily Three: Initial Jobless Claims Rise, U.S. Consumer Inflation up Modestly in May and Bank of Japan Leaves Policy Unchanged
- A closely monitored Fed data point, U.S. Consumer Price Index rose at a slowing rate in May from April’s unexpected 0.4% rise. CNBC
- Weekly jobless claims arrive 7,000 above estimates but remain below economist concerns for labor market. Bloomberg
- The Bank of Japan decided to leave its monetary policy in a standing position causing a shock to Asian markets. The Wall Street Journal